Yesterday, Hyundai Merchant Marine (HMM) officially signed up to a strategic cooperation deal with the members of 2M, MSC and Maersk Line. The strategic cooperation between 2M and HMM will include a series of slot exchanges and slot purchases on East-West routes and comes after HMM failed to gain full entry to any box shipping alliance. The length of the cooperation is three years with an option to extend and covers key East-West trades.
“We believe this strategic cooperation to be a win-win for all parties. Maersk Line’s customers will have greater options on Trans-Pacific trades and HMM’s customers will be able to leverage Maersk Line’s strong Asia-Europe products,” said Robbert van Trooijen, Maersk Line’s Asia-Pacific chief executive.
HMM has also signed a pact with a couple of other Korean carriers – Heung-A and Sinokor – to create an intra-Asia alliance.